The U.S. Energy Information Administration reported that natural gas-fired power generation in the Lower 48 states was 9% higher in the first half of 2020 compared to 2019. The uptick can be attributed to the recent price fallout and natural gas-fired capacity additions. Overall electricity generation was down 5% in the first half of 2020 due to impacts from the coronavirus. Coal-fired generation continues to lose market share with a ~30% year-over-year drop. EIA also reported that monthly Henry Hub stop price averaged $1.81/MMBtu through the first half of 2020 compared to an average of $2.74/MMBtu in the first half of 2019.
The Pennsylvania, Jersey, Maryland Power Pool Interconnection (PJM) and the Midcontinent Independent System Operator (MISO) saw the largest uptick in coal-to-gas switching. Natural gas-fired generation increased by about 17,000 GW in PJM and 15,000 GW in MISO during 1H 2020. Read more in the link below.